NCLT Upholds Order: Transactions from June to September 2021 Deemed Preferential u/s 43 of IBC.

CIRP - Preferential Transaction - transactions infringing section 43 of the IBC - the transactions made between 22.6.2021 to 30.9.2021 were all made within a period of two years immediately preceding the insolvency commencement date which is 6.10.2021. Therefore, and quite clearly, all these transactions are within the ‘relevant period’. - order of NCLT sustained - AT .....

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